E.On Calls For Probe Into Acciona, Endesa Collusion

Law360, New York (January 11, 2007, 12:00 AM EST) -- Just one day after Spain’s highest court greenlighted the takeover of Spain’s Endesa SA by German utility E.On AG, the proposed merger encountered fresh troubles, with the Spanish stock market regulator CNMV revealing that E.On has called for a probe into possible collusion between Endesa and Spanish energy and construction firm Acciona SA.

CNMV said on Thursday it has received a written request from E.On that it launch an investigation into possible collusion between the two Spanish companies over the Acciona's recent stake-building in Endesa shares,...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.